Excerpts from Ralph Nader in a WSJ editorial. Note some of the underlying assumptions and requirements for global control.
President Obama can define his legacy in the first 100 days by laying the groundwork for a global tax on carbon dioxide emissions.
In the short-term, consumers would feel the pinch.
China must be part of any climate deal or within 25 years, notes Fatih Birol, chief economist at the International Energy Agency, its emissions of CO2 could amount to twice the combined emissions of the world's richest nations, including the United States, Japan and members of the European Union.
According to the world authority on the subject, the Intergovernmental Panel on Climate Change (IPCC), it will cost $1.375 trillion per year
the Lieberman-Warner Climate Security Act, contains provisions for retaliatory action to be taken against imports from carbon free-riding nations
A global carbon tax levied on a relatively small number of large sources can be monitored by satellite and checked against the annual surveillance of fiscal and economic polices already carried out by IMF staff.
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